DiamondRock Hospitality Reports Strong Q2 Results, Raises Full-Year Guidance and Dividend
DiamondRock Hospitality (NYSE: DRH) saw its stock rise following the release of strong second-quarter results. The company reported FFO per share of $0.44, exceeding estimates of $0.37 and up from $0.35 a year ago. Revenue also increased by 4.1% to $318.3 million, surpassing expectations. In addition to the strong quarterly performance, DiamondRock raised its full-year EPS guidance for 2026 to between $1.18 and $1.23 from an earlier estimate of $1.09. The company also increased its dividend by 22.2% to $0.11 per share, offering a yield of approximately 3.3%. Analysts remain cautious; Stifel raised the price target but kept a 'hold' rating. Investors are evaluating whether these positive results can be sustained based on management's earnings call and updated outlook.
Tickers: $DRH
Topics: dividend increase earnings FFO (Funds From Operations) guidance update revenue growth